ACHIEVING 120% YOY GROWTH

ACHIEVING 120% YOY GROWTH

“Over just a quarter we were able to grow our marketing profit by tenfold on one of our largest E-Commerce projects. On the same revenue by managing our budgets WEEKLY with ROIVENUE. “

Tomáš Mikletič, E-Commerce Business Development Manager

What if there is a better way to make decisions?

What does it look like to manage 14 E-Commerce Sites in 7 countries?

Evaluations, budget decisions, people decisions, meetings, costs, more evaluations... It can definitely get overwhelming without marketing management system which can help a great deal which Tomas is quick to point out.

''Roivenue gave us the ability to manage marketing for all stores weekly and it definitely helped us to increase growth. One year after implementing and working with the tool, we hit 120% year- over-year growth, which was the fastest in the company’s 10 year history''.

Tomáš Mikletič, as an E-Commerce Business Development Manager has been working more than 10 years in Online Marketing and has been managing over adozen E-Shops and budgets of over 10 million EUR across several countries. He and his team faced all of these challenges.

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We succeeded in helping achieve triple digits growth annually on a number of E- Shops they managed. We were able to speed up the whole process of growth and decision making process in favor of budget optimization.

So here’s how we did it.

01

The Challenge

For many E-Commerce Managers it is very hard to get accurate, precise and timely data – especially when dealing with large number of E-Shops at the same time. On top of that Google Analytics is just not enough. Among other things GA is lacking comprehensive data, impossibility to see what happened before the last click, what happened after the purchase, order status, cost of individual channels, more E-Shops in one report at a time.. all that leaving managers ending up with wrong numbers.

And wrong numbers lead to failure. Failure to make right decisions and optimize marketing performance.

Further on, Tomas and his team felt like budget decisions were made solely on gut feelings and there was a reactive management of people which brought slow evaluation process of people and their competences. Quarterly meetings for evaluation were not fast.

Decision on budgets and people needed to be made as well as repeated overall evaluation of whether the goals are being met.

This needed to be done faster much faster.

So long story short.

02​

How we helped?

​Roivenue converted complex data into crucial business insights.

Evaluations became possible on weekly basis instead of former quarterly, monthly or annually. Further on, Roivenue’s Dashboard gave quick access to all important data:

What was happening before the click (impressions)​

Order status (deliverability)

What happened after the purchase

The cost of individual channels

The purchase price of goods sold

More E-Shops in one report at a time

Roivenue shows investments and provides a detailed look at the performance on that investment across every channel – from start to finish.

Customers are tracked at every touchpoint on every online and offline platform.

Full investment is put in a single dashboard – under-performing campaigns, over-invested channels, entire ROI view.

Roivenue is able to connect Information System with Order Forms from all E-Shops and at the same time with Analytics and all marketing platforms.

Entire data is in one database so all E-Shops can be seen in one report as opposed to clicking through each E-Shop profile.

With Roivenue it was able to see not only number of conversions and orders but insights into each marketing channel, margin and marketing profit over all E-Shops. Recognizing deviations from trends or “normal” was able using “Record Event” option which shows the date range when the exact event happened.

The reports enabled them to make fast and confident decisions to adjust investments and optimize budgets – a process which used to take months before.​

03

The Result

What if data was comprehensive and timely?​

Wish to make better informed decisions and grow your business rapidly?